How I built a $3,000 a month in residual income in just 18 months
When it comes down to it, real people building real income is what is important. Everyone has theories and figures, but what about the real world.
My background is in the technical field. I worked with electronics and eventually became Operations Manager of Australia's largest Printing equipment supplier. I was heading for the top when I decided I wasn't happy working for someone else. I decided to pursue my own path and that happiness was more important than money.
I quit my job and started my own business. 18 months later, I had to find employment again. I had run out of money. After 4 years as Technical Manager for a leading Scientific and Medical Equipment company, I was retrenched and had a second try at working for myself. This time I lasted 6 years. In June of 2000 I was heavily in debt and again had to get a job, this time in a call centre.
Along the way, I was introduced to the idea of building a passive income stream. It all started out pretty well, with $400 in my third month. The problem was that even at $1,000 a month, it wasn't enough to pay all the bills. What it did do, was enable me to pay back $30,000 in 2 years, most of this time working part time. At the end of this I was again retrenched.
It was at this time I realised I had a choice. I could keep working and retire on a pension like most people, or I could really put some effort into generating residual income. I chose the latter, and my climb started.
I joined a business club, attended markets and placed ads in the local paper. I found a few people who wished to move ahead and started regular telephone conference calls. Everything changed. When I started, my income was less than $300 a month. The next month I earned over $2,000. Within a few months I was getting over $1,000 a month in residual. A year later, my income rose to around $3,000 every 28 days and it has never fallen below that level since.
I know that a year or two of dedicated part time effort using the right system will create that passive income for you. If I retired now, I would get around $800 a week for the rest of my life! Compare that to the alternative. As I work with a few people this year who want to get a large passive income, I expect mine to rise to double or triple what it is now. I have already assisted others to achieve residual of over $2,000 a month and I know I can help others.
John Gaydon
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PO Box 7124 Kariong NSW 2250 AustraliaElectronic mail
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